The exponential growth rate of cybercrime has led to a parliamentary inquiry with public hearings planned for later this year.
The parliamentary committee on the Australian Crime Commission has called for submissions into cybercrime including banking, credit card fraud, money laundering and threats to Australia's critical infrastructure.
The inquiry, which will also cover child pornography, will be chaired by MP, Bruce Baird.
The committee is seeking submissions from people involved in the application of cyber technology in business, banking and finance, communication and those who are involved in protecting the Internet and computer-based data.
Submissions close on May 9. The committee will also examine the existing legal framework for combating cybercrime and whether current offences were adequate.